What does my ID and proof of funds have anything to do with my conveyancing in Aldeburgh? What am I being asked for?
Aldeburgh conveyancing solicitors and indeed property practitioners accross the UK have a duty under money laundering regulations to check the identity of any client with a view to ensure that clients are who they say they are.
Conveyancing clients are required to supply two forms of certified ID; proof of identity (typically a Passport or Driving Licence) and evidence of address (usually a Utility Bill less than 3 months old).
Proof of the origin of funds is also necessary in compliance with the money laundering laws as lawyers are duty bound to check that the money you are utilising to purchase a property (be it the exchange deposit or the total purchase monies if you are buying mortgage free) has come from an acceptable source (such as employment savings) as opposed to the product of criminal activity.
I am due to move property in August. Will my conveyancing solicitor communicate with the removal company on the day of completion. Incidentally, can you put forward a removal company in Aldeburgh. Conveyancing solicitor was chosen before I stumbled across this website.
On the day of completion you can collect the house keys from the estate agent however this can only take place after the sellers lawyers advise the agent that they acknowledge receipt of the completion payment and the keys can be collected. After that you should advise the removal company that you are ready to move in. As a matter of policy we do not recommend a specific removal organisation but can help you find a residential property solicitor in Aldeburgh or a legal practice that specialises in conveyancing in Aldeburgh.
Can I be sure that the Aldeburgh conveyancing solicitor on the Leeds Building Society panel is any good?
When it comes to conveyancing in Aldeburgh getting recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the solicitor handling your conveyancing.
I recently had an offer agreed on a house in Aldeburgh. My financial adviser pressured me to appoint their conveyancer. I paid an on account payment of £150. Shortly after, the property lawyer called me sheepishly admitting that they were not on the Bank of Ireland conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Bank of Ireland panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Will my lawyer be raising enquiries regarding flooding as part of the conveyancing in Aldeburgh.
The risk of flooding is if increasing concern for solicitors dealing with homes in Aldeburgh. There are those who buy a house in Aldeburgh, fully aware that at some time, it may suffer from flooding. However, aside from the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory insurance cover, or sell the premises. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not best placed to impart advice on flood risk, but there are a numerous searches that can be carried out by the purchaser or by their lawyers which should figure out the risks in Aldeburgh. The conventional set of property information forms supplied to a buyer’s lawyer (where the Conveyancing Protocol is adopted) incorporates a standard inquiry of the vendor to determine whether the premises has suffered from flooding. In the event that the premises has been flooded in past and is not revealed by the owner, then a buyer may issue a compensation claim resulting from an incorrect reply. A buyer’s lawyers will also commission an enviro search. This should indicate whether there is a recorded flood risk. If so, further investigations will need to be initiated.
I am buying a new build house in Aldeburgh with a mortgage from Birmingham Midshires. The developers refused to move on the price so I negotiated £7000 of additionals instead. The house builders rep suggested that I not reveal to my solicitor about the deal as it will put at risk my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am looking for a ground for flat up to £305k and found one round the corner in Aldeburgh I like with amenity areas and railway links nearby, however it only has 52 years unexpired on the lease. There is not much else in Aldeburgh for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you need a mortgage the shortness of the lease will be an issue. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this matter.
I am planning to acquire a property and require a conveyancing solicitor in Aldeburgh who is on the bank conveyancing panel. Can you recommend a Aldeburgh or local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the mortgage company who conduct conveyancing in Aldeburgh. We dont recommend any particular solicitor.